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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Net premiums earned $ 111,478 $ 92,306 $ 217,388 $ 181,090
Net investment income 3,341 4,259 7,233 7,969
Net realized and unrealized investment gains (losses) 10,383 1,955 7,558 4,256
Direct written policy fees 3,593 2,403 7,059 4,794
Other income 5,224 4,378 10,480 8,389
Total revenues 134,019 105,301 249,718 206,498
Costs and expenses:        
Losses and loss adjustment expenses 129,916 65,340 198,846 132,179
Commissions and other underwriting expenses 29,270 22,562 65,625 50,796
General and administrative expenses 5,663 5,779 11,908 12,090
Interest expense 1,915 1,915 3,830 6,966
Total costs and expenses 166,764 95,596 280,209 202,031
Income (loss) before income taxes (32,745) 9,705 (30,491) 4,467
Income tax expense (benefit) (11,266) 2,595 (11,145) 1,222
Net income (loss) $ (21,479) $ 7,110 $ (19,346) $ 3,245
Net Income (Loss) Per Common Share        
Basic (in dollars per share) $ (1.57) $ 0.55 $ (1.38) $ 0.25
Diluted (in dollars per share) $ (1.57) $ 0.55 $ (1.38) $ 0.25
Weighted Average Number of Shares of Common Stock Outstanding        
Basic (in shares) 13,714 12,844 13,981 12,820
Diluted (in shares) 13,714 12,883 13,981 12,876
Dividends declared per share of common stock (in dollars per share) $ 0.09 $ 0.08 $ 0.18 $ 0.16